1-Day Course
E-Invoice and Transfer Pricing and its Simple TP Documentation Preparation Concept
---------------------------------------------------------------------------------------------------------------------------
Date: 30 January 2024 (Tuesday)
Time: 9.00 am - 5.00 pm
Venue: Armada Hotel Petaling Jaya / Crystal Crown Hotel Petaling Jaya
Facilitator: Dr. Tan Kok Tee
---------------------------------------------------------------------------------------------------------------------------
Introduction :
Every year the tax system goes through various changes focusing on the national objective for the budgeted year. Transfer Pricing has turned out to be an alarming global topic in recent years due to more and more scrutiny over the tax practices of companies within the group. The Finance Act 2020 introduced enhanced penalties and measures, reflecting the IRB’s seriousness in ensuring taxpayer’s compliance with the TP legislations. Companies whose turnover exceed RM50m and having RM15m of related parties transactions OR having financial assistance of more than RM50m are required to prepare FULL TP DOCUMENTS, whereas others who do not meet the threshold are required to prepare a SIMPLE TP DOCUMENTS. Failure to have TP DOCUMENTS will end up with a fine of between RM20,000 to RM100,000 or an imprisonment up to 6 months or both. Furthermore, if during the LHDN audit and make any adjustments to the tax, you will have no document to defend and any adjustment will be subject to a 5% surcharge regardless where there is additional tax to be paid or not.
How Will You Benefit :
At the end of this training session, participants will be able to:
• Enhance the understanding of the various tax implications, incentives, grants and financing benefits introduced in the 2024 budget.
• Understand the Transfer Pricing Concept
• Learn the procedural contents on how to prepare the Simple Transfer Pricing Requirements.
• Enhance your tax planning effectiveness.
Who Should Attend :
• Entrepreneurs, SME Business owners & Directors.
• Company Secretaries and Secretarial Assistance
• Other Corporate Non-Financial Managers
• Accountants / Accounting Graduates,
• Accounts Executives & Accounts Supervisors,
• All other persons who are involved in and/or interested to learn and enhance their Basic Taxation knowledge for their business operations.
Key Contents :
- 2024 budgets highlights implicating
a) Individual Tax
b) Business – Tax & Incentives
c) Stamp Duties
d) Capital Gain Tax
e) Sales and Services Tax
f) Excise Duties
g) High Value Good Tax
h) Other matters:
i. E-Invoice
ii. Global Minimum Tax
iii. Grants and Financing Packages
iv. EPF and SOCSO matters
v. Labuan Entity
vi. Others
- E-Invoice Mechanism and its revised Guide dated 28/10/2023
a) Commencement
b) Scope
c) Portals
d) Steps involved
e) Readiness
f) PEPPOL – will it be compulsory
g) Going through Key concerned areas
- Transfer Pricing Rules
a) General Concept and Rules 2023 issue in May 2023
b) Definition of Arms-length price
c) How to interpret percentile as meeting the Arms Length price
d) Meaning of Contemporaneous on TP Documentation
e) TP documentation Updating Requirements
f) Comparison Periods
g) Others
Facilitator :
Dr. Tan Kok Tee has over 42 years’ experience in financial, strategic and general management. He has held a variety of leadership and senior management roles, the last being Group Chief Executive Officer.
He has been involved in training and facilitation since 2009 and has conducted over 500 workshops and trained more than 25,000 participants for subjects matters under GST, SST, Accounting and Finance, Costing, Budgeting, Strategic Planning, Strategic Thinking, Corporate Liabilities under Sec. 17A of the MACC Act, Taxation, MBRS for Preparers, etc. for Malaysian Institute of Accountants, CPA (Aust.), CIMA, MAICSA, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), Government Authorities, FMM, Chamber of Commerce, Political Parties, GLCs, Public Listed and private Companies, Software Houses and Various Other Training Providers national wide.
Through them, Dr. Tan has conducted inhouse training for Shin Yang Group Miri, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., See Hoy Chan Group, Kobe Precisions, Continental Tyres, Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Tecktronic & Sons Holdings, Julie Biscuit, Ornapaper Melaka, Sunway University, Sime Darby Properties, Waterco and many many more.
Dr. Tan is a Fellow member of the Association of International Accountants, UK; Fellow Member of the Institute of Public Accountants, Australia; Associate Member of the Chartered Tax Institute of Malaysia; and Member of the Malaysian Association of Company Secretaries and is a Gold Mastery Holder in Reinventing Strategic Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.
He is also a Certified Trainer with HRDC since 2009.
COURSE FEES: HRD Corp Claimable Courses - SBL Khas Scheme
1 person ~ RM 950 / person
2 persons or more from the same organization ~ RM 900 / person
(Course fee is inclusive of refreshments, lunch, course material and Certificate of Attendance)
TO BOOK YOUR SLOT, PLEASE SUBMIT THE REGISTRATION FORM: https://forms.gle/J5ek9fBRpkvEBJ6A8